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Granya, VIC 3701
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$305,000
market range $275K-$900K
Median Unit
$440,000
Gross Yield (houses)
5.9%
1yr Growth
-
Investment snapshot for Granya
Granya has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Granya market and investor summary
In Granya, VIC 3701, the median house sells for around $305K, on a gross rental yield of 5.9% for houses. At 11.7% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 5.9% does more of the early heavy lifting than capital growth usually would at this price point. Demand is softer at 11.7% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 96 days on market, so plan for a slower exit if you ever need one.
Living in Granya: people, income and schools
About 88 people live in Granya, a number that has held fairly steady over five years. At a median age of 55, it reads as an older, established demographic, and 71% of homes are owner-occupied.
The typical household income runs to around $68,000 a year (about $1,300 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to roughly 4.5 times local household income, leaving more headroom than most capital-city markets. Incomes have risen about 28% over five years, which tends to underpin what local buyers can pay.
- Population
- 88
- +0% over 5yr
- Median age
- 55 years
- Median household income
- $68,000/yr
- Households renting
- 29%
- Family households
- 70%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 3.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Granya
No properties currently listed in Granya
Search Granya listings →Frequently asked questions about Granya
What should I check before investing in Granya?
Granya has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid house gross rental yield of 5.9%, giving a stronger rent-to-price starting point than many suburbs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Granya?
The median property price in Granya, VIC 3701 is $305K for houses and $440K for units.
What rental yield does Granya show?
The gross rental yield in Granya is 5.9% for houses and 5.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Granya?
The current vacancy rate in Granya is 11.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Granya?
Granya has a population of approximately 88 residents, with a median age of 55.
Is Granya affordable to buy in?
A median house in Granya costs about 4.5 times the median local household income (more affordable than most capital-city markets). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Granya's population growing?
The population of Granya has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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